Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu shared on X, announcing strict directives to IndiGo amid widespread cancellations and delays, ordering the airline to clear all pending passenger refunds and complete the entire refund process for cancelled or disrupted flights by 8
The Ministry has also instructed airlines not to levy any rescheduling charges for passengers whose travel plans were impacted by cancellations. It emphasised that any delay or non-compliance in processing refunds will invite immediate regulatory action under the Ministry's powers.
In order to protect passengers from any form of opportunistic pricing, the Ministry has invoked its regulatory powers to ensure fair and reasonable fares across all affected routes.
Alternative investment funds (AIFs) in India continue their healthy growth and provide significant opportunities for domestic institutional investors (DIIs) to diversify their portfolios and potentially reap higher returns, highlighted a report by Crisil Intelligence.
Singapore, December 4: In a major milestone for Veeva AI, industry-specific AI for life sciences, Veeva Systems (NYSE: VEEV) today announced the availability of Veeva AI Agents for Vault CRM and PromoMats. Veeva AI in the Veeva Vault Platform and deep, specialized AI agents working in Veeva
Singapore/ Manila [Philippines], December 4: Tonik Financial, controlling shareholder of Tonik Digital Bank, the Philippines' first licensed digital-only bank, has raised US$12 million in Pre-Series C financing led by Diligent Capital Partners, with participation from Plio Limited, existing
In a statement issued on Thursday, ALPA India said the disruptions allegedly linked to a pilot shortage following the implementation of new Flight Duty Time Limit (FDTL) norms raise questions about airline planning, regulatory oversight, and market fairness.
Despite the reform momentum, Shriram said delays in approvals remain a persistent challenge for companies. "Time is important for industry. For approvals, time is required. But quicker decisions and time-bound decision-making will help the Indian economy and industry grow faster," he told AN
The Court also imposed a cost of Rs 1 lakh on petitioner Vinay Bansal after finding that he had hidden key documents, including replies from the company and its lead managers that addressed all his concerns.
According to the filing. the sender of the communication is neither a shareholder of Delphi nor authorized in any manner and yet appears to have procured confidential investor data through methods that raise serious privacy, regulatory, and cyber-security concerns.
New Delhi [India], December 2: In a landmark initiative to promote inclusive financial security for Indian families, ICICI Prudential Pension Funds Management Company Ltd. (ICICI PFM) announced the launch of its latest offering under the National Pension System (NPS), 'My Family My Future'.
The Bombay High Court dismissed two petitions seeking to block WeWork India's IPO, imposed a Rs 1 lakh cost on one petitioner, and upheld SEBI's regulatory decisions. The Court noted that disclosures were made as required and that investors had shown strong interest in the oversubscribed